Guideline Value for INDIRA GANDHI ST

Indira Gandhi St guideline value

The current guideline value of Indira Gandhi St in Thiruninravur-A village, under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - III land classification.

How the guideline value of Indira Gandhi St has changed

The guideline value for Indira Gandhi St has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase of 10% from Rs 400 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, marking a significant increase of 49% to the 2023 figure. It is important to note that there are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the current 2024 figure, the guideline value has increased by 64%. This reflects the changes in property valuation over the years, particularly in the context of the recent revisions.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Indira Gandhi St's 2024 figure is below this median.

• Indian Steel Roll Mill: Rs 840 per sq.ft (2024)
• Indira Nagar Annexe: Rs 1,200 per sq.ft (2024)
• Immath Nagar: Rs 750 per sq.ft (2024)
• I.V.Y Nagar Streets: Rs 1,210 per sq.ft (2024)
• Jaavar Nagar 1st Cross St: Rs 750 per sq.ft (2024)
• Jaavar Nagar 1st Main St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Gandhi St

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Indira Gandhi St?

The Indira Gandhi St falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It is used to determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers should be aware of these values to understand the financial implications involved in property transactions.

Frequently asked questions

What is the current guideline value of Indira Gandhi St?

The current guideline value of Indira Gandhi St is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% to reach Rs 440 per sq.ft in 2024. The most recent increase from 2023 to 2024 was 10%.

What are the registration fees for a property on Indira Gandhi St?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office is responsible for Indira Gandhi St?

The Avadi Sub Registrar Office covers Indira Gandhi St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees for property transactions. It ensures that the government receives the appropriate revenue based on the property's value during the registration process.